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The Surging Market of Copper after The Pandemic

Like every other thing in the world, the market of copper has slowed down thanks to the disrupted production procedure and supply. However, as the lockdown regulations started to ease down across the world, mining exploration companies activity picked up its pace. With that, the demand for copper has surged significantly. Right now, China is leading the market in copper consumption. According to the analysts, the demand for copper will continue to rise in the upcoming months. The market experts have explained that the price of copper can easily exceed $10,000 per tonne by the first half of the upcoming year.

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The Surging Market of Copper after The Pandemic

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  1. The Surging Market of Copper after The Pandemic Like every other thing in the world, the market of copper has slowed down thanks to the disrupted production procedure and supply. However, as the lockdown regulations started to ease down across the world, mining exploration companies activity picked up its pace. With that, the demand for copper has surged significantly. Right now, China is leading the market in copper consumption. According to the analysts, the demand for copper will continue to rise in the upcoming months. The market experts have explained that the price of copper can easily exceed $10,000 per tonne by the first half of the upcoming year. The experts also believe that the price of copper would not come down even if the disruption in the production process stops completely. Boosted market demand is one of the reasons why the costs will keep on going up. The spiked production and copper extraction in Southeast Asia cost will also play a big role in the spiking price. The rapid increase of copper

  2. will also cause a deficit in the market, which can spike the price of the metal even further. All in all, the red metal will stay high in demand for the upcoming years. The market price of the metal will that’s why to remain high in demand for at least the coming few months. To understand the market of copper better, you need to take a look at our newsletter.

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